Keystone Property Finance Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Keystone Property Finance offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Keystone Property Finance and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
Myself and my fiance are currently about to apply for our first mortgage with Keystone Property Finance. However, after studying, I've just this month started working as a contractor, although I'm yet to register etc with HMRC. My fiance is full time employed as an accountant, and so does have a good incomefor us to put forward. I was hoping to get some advice on how my contractor status will affect us getting an application approved please?
How can I make myself more attractive to a lender such as Keystone Property Finance when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
I'm an engineering contractor, according to my accounts, my average net profit and director's salary is £55,731. I am looking to purchase a house in loc. What are the chances of borrowing 195k by way of a contractor mortgage with Englefield Green
I am lead to believe that mortgage lenders generally consider contractors as high risk applicants; so demand 3 years’ accounts to validate mortgage affordability. In my case as a media contractor, this evidence is unlikely to reflect an accurate picture of my income potential. Will a contractor-focused IFAs utilise bespoke underwriting with lenders such as Keystone Property Finance.
Could a contractor mortgage with Keystone Property Finance be a better option for me than a standard Keystone Property Finance mortgage ?
The above information is in relation to properties in England and Wales.
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